Move-in ready, totally updated single-level home offers three bedrooms and three full bathrooms, with an open layout that’s perfect for hosting family and friends. Both the primary suite and the guest suite feature private en-suite baths, and the home is finished with hardwood flooring throughout, premium stainless-steel appliances, quartz countertops, a generous kitchen island, and a breakfast bar. Multiple living spaces—including a dining room, living room, gathering room, and an all-weather sunroom—provide ample space to relax or entertain. The primary suite includes a walk-in closet, double-sink vanity, and a spacious walk-in shower. The guest suite also features a walk-in shower and quartz surfaces, while the hall bath offers a tub/shower combination. Set on a landscaped 1.18-acre corner lot, the outdoor space is ideal for gatherings and recreation.
For sale
Price cut: $10K (7/31)
$550,000
506 Peterson Lake Rd, Collierville, TN 38017
3beds
3,411sqft
Single Family Residence
Built in 1960
1.17 Acres Lot
$527,600 Zestimate®
$161/sqft
$-- HOA
What's special
Breakfast barGenerous kitchen islandThree bedroomsPremium stainless-steel appliancesQuartz countertopsHardwood flooring throughout
- 28 days
- 825
- 44
Zillow last checked:
Listing updated:
Listed by:
Jennifer Williams,
Hobson, REALTORS 901-761-1622
Source: MAAR,MLS#: 10229009
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Attic
Primary bedroom
- Features: Walk-In Closet(s), Hardwood Floor
- Level: First
- Dimensions: 0 x 0
Bedroom 2
- Features: Private Full Bath
- Level: First
Bedroom 3
- Features: Shared Bath
- Level: First
Primary bathroom
- Features: Double Vanity, Full Bath
Dining room
- Features: Separate Dining Room
- Dimensions: 0 x 0
Kitchen
- Features: Updated/Renovated Kitchen, Eat-in Kitchen, Breakfast Bar, Kitchen Island, Washer/Dryer Connections
Living room
- Features: Separate Living Room, Separate Den
- Dimensions: 0 x 0
Den
- Dimensions: 0 x 0
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Vent Hood/Exhaust Fan, Range/Oven, Gas Cooktop, Disposal, Dishwasher, Microwave, Refrigerator
- Laundry: Laundry Room
Features
- All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, Double Vanity Bath, Full Bath Down, Walk-In Closet(s), Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath, 2 or More Baths, Laundry Room, Sun Room, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
- Flooring: Hardwood, Tile
- Basement: Crawl Space
- Attic: Permanent Stairs,Walk-In
- Number of fireplaces: 1
- Fireplace features: Masonry, Decorative
Interior area
- Total interior livable area: 3,411 sqft
Property
Parking
- Total spaces: 2
- Parking features: Driveway/Pad
- Covered spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 1
- Exterior features: Other (See REMARKS)
- Pool features: None
Lot
- Size: 1.17 Acres
- Dimensions: 144 x 352
- Features: Some Trees, Level
Details
- Parcel number: C0244P E00002
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Brick Veneer
- Roof: Composition Shingles
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Collierville Heights Re S/d
Location
- Region: Collierville
Financial & listing details
- Price per square foot: $161/sqft
- Tax assessed value: $516,900
- Annual tax amount: $5,569
- Price range: $550K - $550K
- Date on market: 8/24/2026
- Cumulative days on market: 206 days
Estimated market value
$527,600
$501,000 - $554,000
$3,121/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Price change | $550,000-1.8%$161/sqft |
Source:  MAAR #10215638 Report a problem | ||
| 6/18/2026 | Price change | $560,000-5.9%$164/sqft |
Source: MAAR #10215638 Report a problem | ||
| 4/15/2026 | Price change | $595,000-8.3%$174/sqft |
Source: MAAR #10215638 Report a problem | ||
| 2/28/2026 | Listed for sale | $649,000+23.6%$190/sqft |
Source: MAAR #10215638 Report a problem | ||
| 5/23/2025 | Sold | $525,000-12.4%$154/sqft |
Source: MAAR #10194296 Report a problem | ||
| 5/9/2025 | Pending sale | $599,000$176/sqft |
Source: MAAR #10194296 Report a problem | ||
| 4/15/2025 | Price change | $599,000-3.2%$176/sqft |
Source: MAAR #10194296 Report a problem | ||
| 2/3/2025 | Price change | $619,000-3.1%$181/sqft |
Source: Owner Report a problem | ||
| 11/20/2024 | Listed for sale | $639,000-3.9%$187/sqft |
Source: Owner Report a problem | ||
| 11/10/2024 | Listing removed | $665,000$195/sqft |
Source: MAAR #10183012 Report a problem | ||
| 10/10/2024 | Listed for sale | $665,000-0.7%$195/sqft |
Source: MAAR #10183012 Report a problem | ||
| 9/16/2024 | Listing removed | $670,000$196/sqft |
Source: MAAR #10181017 Report a problem | ||
| 9/11/2024 | Listed for sale | $670,000$196/sqft |
Source: MAAR #10181017 Report a problem | ||
| 9/4/2024 | Listing removed | $670,000$196/sqft |
Source: MAAR #10178933 Report a problem | ||
| 8/10/2024 | Listed for sale | $670,000$196/sqft |
Source: MAAR #10178933 Report a problem | ||
| 8/10/2024 | Listing removed | -- |
Source: MAAR #10160629 Report a problem | ||
| 6/3/2024 | Price change | $670,000-0.7%$196/sqft |
Source: MAAR #10160629 Report a problem | ||
| 3/6/2024 | Price change | $675,000-3.6%$198/sqft |
Source: MAAR #10160629 Report a problem | ||
| 2/6/2024 | Price change | $699,900-6.7%$205/sqft |
Source: MAAR #10160629 Report a problem | ||
| 11/9/2023 | Listed for sale | $750,000+65.7%$220/sqft |
Source: MAAR #10160629 Report a problem | ||
| 6/26/2023 | Sold | $452,500-9.5%$133/sqft |
Source: MAAR #10134105 Report a problem | ||
| 6/15/2023 | Pending sale | $500,000$147/sqft |
Source: MAAR #10134105 Report a problem | ||
| 6/8/2023 | Contingent | $500,000$147/sqft |
Source: MAAR #10134105 Report a problem | ||
| 5/29/2023 | Price change | $500,000-9.1%$147/sqft |
Source: MAAR #10134105 Report a problem | ||
| 3/26/2023 | Listed for sale | $550,000$161/sqft |
Source: MAAR #10134105 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,570 +1.6% | $129,225 +23.3% |
| 2024 | $5,481 | $104,800 |
| 2023 | $5,481 | $104,800 |
| 2022 | -- | $104,800 |
| 2021 | -- | $104,800 +32% |
| 2020 | $3,215 | $79,375 |
| 2019 | $3,215 | $79,375 |
| 2018 | $3,215 -29.4% | $79,375 |
| 2017 | $4,556 +73.5% | $79,375 +32.1% |
| 2016 | $2,625 +209.8% | $60,075 |
| 2014 | $847 | $60,075 |
| 2013 | -- | $60,075 +1.4% |
| 2012 | -- | $59,250 |
| 2011 | -- | $59,250 |
| 2010 | -- | $59,250 -11.4% |
| 2009 | -- | $66,850 +16.7% |
| 2008 | -- | $57,300 |
| 2007 | -- | $57,300 |
| 2006 | -- | $57,300 |
| 2005 | -- | $57,300 +18.8% |
| 2004 | -- | $48,250 |
| 2003 | -- | $48,250 |
| 2002 | -- | $48,250 |
| 2001 | -- | $48,250 +12.7% |
| 2000 | -- | $42,800 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 38017
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